Investment in cryptocurrencies a risk
Head of Central Bank of Iran's Information Technology Department has warned against investing in digital currencies. Nasser Hakimi told…
Comment & Analysis
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Russia’s Sberbank in talks with Dubai’s biggest bank to sell turkey unit
Talks are at a “very preliminary stage and there is no certainty that any transaction will be entered into,” Dubai’s…
Bank Sohar posts 33 per cent growth in net profit
Bank Sohar’s 2017 performance was catalysed by rapid progress on all business fronts – a direct outcome of concerted customer-centric…
Bank of Jordan enters Bahrain
Bank of Jordan has been granted a licence to operate in the Kingdom as a wholesale bank, said the Central…
Dubai-based crypto exchange opens for new GCC, UAE registrations for one day
BitOasis, a digital asset wallet and exchange platform for cryptocurrency, has enabled submissions of new account verifications for one day…
Lebanon's Byblos Bank profits up close to 3% in 2017
Byblos Bank announced Monday that its net profits at the end of 2017 had increased by 2.91 percent on 2016…
Commercial Bank plans to boost lending to state firms
Commercial Bank of Qatar is pushing to increase lending to state-run companies as the government presses ahead with infrastructure projects…
Flotation had positive results on Egypt’s economy: CI Capital
The decision to float the Egyptian pound in November 2016 had a clear impact in increasing the gross domestic product …
Report: Saudi Prince Alwaleed relinquished most of his wealth for freedom
Renowned Saudi billionaire Prince Alwaleed Bin Talal gave up most of his fortune, including his shares in Saudi Kingdom Holding,…
Turkish banking sector net profit hits all-time high
Turkish banking sector's annual net profit reached 49.1 billion Turkish liras ($13 billion) in 2017, hitting an all-time high profit,…
GCC banks improve profits on lower costs and provisions
The full-year earnings of GCC banks point to improved profits, lower costs and substantial reduction in cost of risks positively…
Cryptocurrency – Only Part of a Monetary Revolution by Gary Dugan
Cryptocurrency – Only Part of a Monetary Revolution by Gary Dugan Cryptocurrencies have had a bad few weeks. From…